Research On China's Manufacturing Tax Burden And Its Influencing Factors

Tax burden is the core of the tax system.From an industry perspective,manufacturing accounts for a large proportion of China's gross national product,and is the largest industry in China's economy and the foundation of the country.However,in recent years,while China's manufacturing industry is developing rapidly,it has gradually revealed many problems.In view of the current development of the manufacturing industry,the academic community believes that the comprehensive tax burden is the main reason.This article is based on this background.This paper firstly analyzes the tax burden and manufacturing industry and lays a logical foundation.Then,using descriptive statistical methods,it analyzes the annual,industrial and regional tax burden differences of listed companies in the manufacturing industry;The main macro and micro factors of the company's tax burden are analyzed,and the research hypothesis and empirical model are put forward.Finally,based on the panel data of China's manufacturing listed companies from 2012 to 2017,this paper conducts multiple linear regression on each estimation model to quantify the relationship between China's manufacturing tax burden and its influencing factors.The main conclusions of this paper are as follows:(1)There is still a large gap in the overall tax burden level of listed companies in different manufacturing industries.Some capital-intensive industries with high technology content and high innovation capacity enjoy more tax preferential policies;(2)The western region has the heaviest tax burden,followed by the central region,while the eastern region is relatively low;(3)There is a significant positive correlation between asset profitability,equity concentration,corporate political relevance,and overall tax rate.There is a significant negative correlation between asset-liability ratio,tax incentives and overall tax rate.Therefore,this paper puts forward some suggestions for the optimization of tax policy.One is to increase the tax incentives for the technology innovation enterprises,and the other is to further optimize the VAT rate structure.In addition,for manufacturing companies,they need to make rational use of tax incentives,continuously absorb and apply advanced technologies,and adjust the industrial structure;they should also combine their own characteristics,optimize financing decisions,investment decisions,and choose a reasonable shareholding structure to control their own taxation burden level.The innovation of this paper is mainly reflected in the process of selecting variables,taking into account the influence of various macro and micro factors,quantifying the tax incentives,and adding variables that reflect the degree of political relevance of the company.Through a series of complete and reliable analysis and testing,it provides a very valuable reference for the rational formulation of manufacturing tax policies to promote their development.